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20121224
20130101
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Search Results 0 to 34 of about 35 (some duplicates have been removed)
in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry
to that fiscal cliff, i'm going to speak with republican senator rand paul about the consequences. we'll talk a closer look at what all of this means for you. plus, hillary clinton spending new year's eve in the hospital in new york city with a potentially serious blood clot in her head. we'll hear from a medical expert. stand by. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. >>> just want to update you on the breaking news we've been covering here in "the situation room." first, the secretary of state hillary clinton, she has now been diagnosed thanked to a routine follow-up mri with a brain clot in the brain, situated in the space between the brain and the skull, rig
. >> republicans are firing back about how the grand ol' party is handling fiscal cliff negotiations. why they say the president needs to stop the blame game and start leading. fair and balanced debates when we come back. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> our continuing conference of the fiscal cliff in this special edition of the fox report. the saying during an interview today it's the house republicans to blocked any potential deal by refusing to accept tax hikes on the wealthiest americans. house speaker john boehner said, quote, americans elected president obama to lead, not cast blame. the president's comments to be are ironic as a theme of our negotiations was his unwillingness to agree to anyone that requires him to stand up to his own party. brad blakeman, former deputy assistant to george w. bush, debby dingle from mish michigan to talk about us.
and not very effective, but ultimately, i think they will avoid the fiscal cliff. >> but neither side appears willing to give in. democrats, for example, are frustrated that republicans will not agree to raise taxes on the wealthy. >> the majority of rich people in our great country are willing to pay more. the only people who disagree with that are republicans who work in this building. >> republicans say that democrats want to spend too much money. so, as much of the united states digs out from yet another series of snowstorms, many average citizens are asking themselves what it will take to get politicians in washington to stop squabbling and come up with a compromise that will help put america's fiscal house in order. >> are both parties determined to go over the fiscal cliff together? let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white h
senator lindsey graham. >>> plus, eight days before the fiscal cliff. what are prospects for a deal. and the round table or the president's priorities in the new year. that's all ahead. fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ >>> since we announce
over the fiscal cliff, they think it's for better democratic leverage. >> that's nonsense. the president made extraordinary concessions to the republicans to try to go over -- to try to avoid going over the fiscal cliff. he promoezed that we don't tax -- no tax increase until $400,000, instead of $250,000. he proposed -- he said he would be willing to go with the republican demands for entitlement cuts cutting colas on social security which i think is obnoxious and will not vote for under any circumstances. he made a lot of concessions, too many. the republicans showed, though, when they voted against cutting taxes for 99.8% of americans, because they wouldn't allow taxes to go up for people above $1 million, they showed that it's very difficult to do business this w them. >> you said the president made too many concessions. >> i think so. >> were you more a fan of the $250,000 and less than that or -- >> i'm more of a fan of the $250,000 but mainly, mainly i would not vote for a nickel in -- under any circumstances for a nickel in cuts to social security benefits. >> so w
republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and they'll come right back and pass something. so i don't think the middle class is at risk. if we go over the cliff, our republicans colleagues will come back and go uh-oh and pass the bill we passed in senate already. >> can check hagel become secretary of defense if he's the republican's nominee? >> a lot of republicans have asked hard questions. i don't think he's going to get many republicans votes. i like chuck but his positions are really out of the mainstream and well to the left of the president. i think it would be a challenging nominations but the hearings will matter. chuck will have a chance to defend himself. >> will you support him? >> i'm going to wait and see what happens in the hearings. i've got questions with chuck and iran, hamas and hezbollah, his position toward israel, just afghanistan. i want to hear what he has to say. but very
senator chuck schumer and republicans senator lindsey graham. >> plus, eight day before the mi fiscal cliff. what are the prospects for a solution? we know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> since we announced we were going to have the nra's wayne lapierre on the program, we received so much feedback on line, more than 40,000 saw this post alone. we'll continue to monitor that conversation online. tell us what you saw on the interview at facebook.com/meetthepress or on twitter. in the meantime, we're going to find out
took when he announced progress toward a fiscal cliff deal earlier in the day. listen to this. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone and you hear that sometimes coming from them, that sort of after today, we're going to try to shove only spending cuts down -- well, shove spending cuts at us. that will hurt seniors or hurt students or hurt middle class families without asking also equivalent sacrifice from millionaire millionaires or companies with a lot of lobbyists, et cetera. if they think that's going to be the formula for how we solve this thing, then they have another thing coming. that's not how it's going to work. >> you know, ali, as you well know, a lot of republicans, senator mccain, senator graham, they came out and made statements after the president's speech earlier in the day, saying it was totally inappropriate coming in a sensitive moment in the negotiations for him to go out there and do a sort of political pep rally, if you will. >> emotions have been running high. there have been a lot of things i
: it depends on how we get there. if we have a fiscal cliff deal, the kind the republicans were pushing through last week, it was really no government spending cuts for two years. additional revenue that would be raised was not very much. that would not cause a recession. however, if we got a deal where the president got $100 billion in additional taxes from upper income people and he got $100 billion in the immediate spending cuts as the republicans would want to match it, subtracting $2 billion it is a little over 1% of gdp. that would push us into a mild recession. unemployment was start to creep up. if we got the bigger than that, $300 billion in spending cuts and tax increases, that we would have a severe recession of the kind from which the economy could not easily recover. host: first call is lydia. caller: i had a question for the doctor morici. over the last four years, everything the president has tried to propose to get the country back to work, jobs he has proposed, the infrastructure and jobs programs, the republicans have a filibuster. they took an oath before he was sworn in to d
forward on the fiscal cliff issue. it does seems as though they're running into logger heads here slowly before the last couple of days before the deadline to solve the fiscal cliff negotiations. the ftse 100, a couple of points higher at the moment. same going for the spanish market, the aex in the corner. we're looking at relatively flattish trade here in europe on christmas eve. let's recap off of what we've seen in asia in the overnight session here. you're looking at slight gains across the board. the shanghai composite up by .25%. you're seeing similar gains in the s&p asx and the hang seng, the kospi both a couple of points up to the upside, as well. currency markets, pretty stable trade, too. we're seeing slightly lower volumes to say the least as you would anticipate here during the holiday days. we are, though, flirt, a recent high is 1.32. a couple of sessions ago, we were down at the 1.29 mark. aussie/dollar flat. sterling seeing slight gains. just to wrap things up showing you what's taking place in fixed income, relatively flattish trade, as well. the yield here on the span
that he thinks this will fiscal cliff matter comes down as one white house meeting two hours from now. another top senate republican said a short time ago that he was calling on president obama to lead. >> the president is not a senator anymore. he's a president. just as president reagan worked to deal with tip o'neill and bill clinton and president eisenhower, we need leadership on not just taxing rich people, but we contact them and it wouldn't help the medicare fiscal cliff. greg: others are skeptical, noting that high-profile meetings are for show often times and all about tactics. we expect the president will try a stopgap measure extending middle-class tax rates, extending unemployment benefits for some 2 million americans, do some small spending cuts now, but not entitlement reform. an ally of the white house and the house of representatives offered this. >> this is not for show. it is a last-ditch effort by the president to bring the congressional leaders together to try and get at least a small package. a small deal together before the new year. in order to avoid some of the
on new year's eve and they say if we go over the so-called fiscal cliff, take all the tax votes you want, they're all tax cut votes. and conservative republicans believe their bargaining position improves. you reported on the debt limit but that becomes more of a concern as february approaches. they think they have leverage there to come bean the debt limit with the debate over more spending cut and more leverage on what they want from taxes. so there are strong voices on both sides so they say go over. >> warner: we better fasten our seat belts. ed to >> brown: still to come on the "newshour": a ban on adoptions from russia; the impact of austerity in greece; the tea party and the fiscal cliff and the administration's environmental record. but first, the other news of the day. here's kwame holman. >> holman: wall street was down much of the day, but trimmed its losses after news that the house will convene sunday to focus on the fiscal cliff. in the end, the dow jones industrial average shed 18 points to close at 13,096. the nasdaq fell four points to close under 2,986. also today, the
cliff, and democrat chuck schumer yesterday said the real problem is that republicans won't admit the president won the election and that tax rates are going up. take a listen. >> on taxes, i know it's hard for the republicans, but the president ran on that platform, 250, no tax increase for people below, but taxes for people above, he won 60% of the voters said they were for it in the exit polls, including some republicans. >> reporter: all eyes now turning to the possibility since speaker john boehner was not able to get enough republican votes to move forward with a plan late last week, that maybe now the senate will have to workout a compromise between harry reid, mitch mcconnell the democratic and republican leaders, and the president who is here in hawaii when you talk to his staff they say it's very likely some time after spending christmas with his family, whether it's the middle or later part of this week he's likely to head back to washington to sit down with congressional leaders and try to work this out. >> reporter: it's a bit encouraging for a lot of folks who were w
of a fiscal cliff and they are still on vacation. >> let's go to mike in texas, on our line for republicans. >> i agree with the first guy. i wish they would have a little backbone and force obama and reid into not giving in to them. they need to set a budget and stick with a budget, and what they are trying to do is they want more money so they can increase the debt again, and they are about to run this country, as far as i am content. host: out the you think this will end up? caller: i hope boehner holds to his guns. i think the million-dollar deal is a good deal where anybody making over a million dollars pace a little bit more money, but i do not buy that $250 deal. host: that's good to marry in florida. c-span.e on caller: i believe the average american should not have to pay taxes. caller: you are going to need to turn down your tv, ok? caller: i do not have been on. it could be somebody else playing district. -- playing this trick. host: we will stay in florida and go to venice. did you see what minority whip hoyer had to say? caller: yes, i did, and being a democrat i go along with
on to cal on the republicans line in tennessee. what do you think of the fiscal cliff and where the negotiations are so far? >> i think they ought to go over the fiscal cliff. we have people like that that are on the government bill too long. they are sucking the tit of the federal government. i think everyone should pay their fair share. we have almost a $17 billion national debt. not only, the rich but everyone should pay their fair share. we also need some spending cuts too. $3 for every $1. if you don't do this we're going top find ourselfs in a situation -- you want to talk about unemployment, we're not going to be in a recession we're going to be in a depression. if we don't do this now, what are we going to do when the debt is at $23 trillion. what are we going to do then? >> we're going to bring you president obama's remark again shortly. we're taking a if you more calls. the numbers are on your screen and let us know what you think of the fiscal cliff negotiations so far. brian is on the independent line. go ahead. >> yes, ma'am. we don't have a revenue problem. it's a
. the fiscal cliff negotiations are still under way. republicans call this number. make sure to meet your television if you are lee -- calling in. try to call on the line that best reflects your political view. we're quite to head to springfield gardens new york. caller: good night to everyone into the whole world, especially the united states. i want to wish everyone a prosperous happy new year. i am really disappointed in the fact that i see big grown women and men in the senate cannot come together to prevent this fiscal call. i am a husband. i bring most of the money into the home. the way i look at it is that if there is a crisis going on in my family i am more than likely to step up to the plate and do what is up for necessary to make ends meet. that is a principle i have been living with all my life. to see that the republicans are sitting near in not trying to do the right thing is here. that is all i have to say. host: jeremiah from maryland. i think the vice president should not be the one in negotiating with mitch mcconnell. the person who should be negotiating with mitch mccon
republicans. and this is problematic obviously because in order to avoid the fiscal cliff, you would need to find some sort of deal that would make it through the senate and the house and that would need democratic and republican support. now, all eyes on the senate because they will reconvene on the 27th, thursday. and senate majority leader harry reid, it is up to him, really, to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates going up for those making more than that. but you can imagine, hala, that's going to be very hard for some republicans, maybe even some democrats to sign on to. >> right. and for just about a week ago, it was common to hear a deal will be hammered out. over the last several days we're hearing more and more that potentially this is a reality for americans in eight days' time. your sources in the administration, is there a real concern among some of the people you're speaking with that indeed this fiscal cliff will become a reality? >
court and some republicans are saying the president isn't really trying to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and gets to cut the military which democrats have been calling for for years and he gets to blame the republicans for it. >> and independent senator lieberman saying it's likely that it will pass with no action, harris. >> harris: how soon can we expect negotiations to get back underway. >> not until after christmas. and wednesday, most likely on thursday. president obama on vacation in hawaii until after christmas has insisted taxes on the wealthy be increased aen one of his democratic allies said today that position should come as no surprise to anyone. >> on taxes, i know it's hard for the republicans, but the president ran on that platform, 250, no tax increases people below, but taxes for people above. he won 60% of the voters said they were for it
, a couple of days ago you said you thought we were going to go over the fiscal cliff and now we are in the midst of a lot of last-ditch bargaining between the senate leaders, reid and mcconnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff. >> exceedingly good. i think people don't want to go over the cliff, if we can avoid it. i think, whatever we accomplish, political victory to the president, hats off to him, he stood his ground and will get tax increases, maybe not 250 but upper income americans and the sad news is we have accomplished little, in terms of not becoming greece, that bill will not affect the debt situation and it will be a a political victory for the president and i hope we have courage of our convictions, when it comes to raise the debt ceiling to fight what we believe as republicans. hats off to the president, he won. >> chris: quick follow-up, before we turn to senator feinstein, you said you don't think your conservative colleagues in the senate will filibuster or set up a procedural roadblock, they'll vote to avo
cliff," "i hope you are getting the situation that we are not going over the fiscal cliff." sadly, i have to tell them that we are not there, we are not here, we are not working. every democrat, every republican ought to be here. the speaker ought to call us back into session. it is not as if we do not have a lot of work to do. in fact, we have a lot of work to do. secretary geithner sent a letter to me and others yesterday, and it was reported in the paper today that america will reach its debt limit on december 31. that needs to be dealt with so that we can maintain the creditworthiness of this nation, so we can give confidence to this economy. in addition to that, there is much other business to do. over the past weeks, majority leader cantor said the house would do the work necessary to finish the items we needed to get done by the end of the year. i talked to mr. cantor today and urged him to have us come back. they are having a discussion about that, i think, at 2:30, shortly, the republican conference on a call. i hope they conclude as we have concluded -- and i speak for lead
into this meeting coming up on sunday night and what he thinks about the odds of avoiding the fiscal cliff. that should be very interesting coming up. >> before the break, let's check out what this ceo from milwaukee thinks about the impending fiscal crisis. >> my name is rich moussen. i'm the president and ceo of badger meters. we have about 1,400 employees around the world. the fiscal cliff is scary and should be scary. another recession. higher unemployment. economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cutbacks. the fiscal cliff was meant to be something that nobody wanted to go anywhere near, and here we are about to go off it. we really need our elected officials to figure this out. come up with a reasonable compromise that keeps our economy growing and gives us some certain about the future so we can make our plans as business leaders. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generatio
cliff. that was not tax increase. if there is one thing that is important to republicans, it is taxes. this becomes a much more sensitive issue especially in the current environment. the debt ceiling, that is also important to the republican base. host: we are taking your calls and questions with stan collander and our other guest. joshua gordon. the numbers are -- the lines are open. stan, one week ago. right before christmas, the president told everybody to go home, drank some eggnog, take a breath, and we will come back and talk about this. how much movement did that stepping back give us? did it move anything at all? guest: it did not seem to change anybody's opinion. we have lost a few days. everybody is feeling more pressure to get back and do something. it did not change the basic spirit did not change the politics very much. part of this is that we have not gone over the cliff yet. a lot of the tax increases your mentioning. a lot of the tax -- a lot of the spending increases -- cuts and tax increases have not happened. people need to go to the senator and representative and s
poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. 27% cited the gop is responsible. 16% blaming the president, 6% pointing to the democrats while 31% said they would blame all of the above for going over the cliff. alistair newton, you've seen the attitudes of the american people. i guess we're going over the cliff. >> i guess we are. got that one wrong, didn't i? >> so you expected -- a lot of people expected a resolution. does it matter that we're actually going to go over it? >> so far, markets are taking it surprisingly calmly, haven't they? we've seen a bit of volatility yesterday. but the thought that obama is going to get people in a room today, you saw u.s. equities recovering a bit before close yesterday. it's going to be pretty interesting the next few days. i don't rule out total ly washington coming to its senses, but i have to say at the moment that the odds look rather against it. but there is still another option which people are not considering at the moment, and that is that we get a deal before the 12th congress wraps
, working to finish the task before us in reaching an agreement to avert the fiscal cliff. democrats are ready to work and, yes, ready to compromise. we understand we will not get it all our way. the legislative process is about compromise. democracy is about compromise. we have not done much of that this year, and frankly this house has been an extraordinarily partisan house where we passed legislation after legislation which the leadership knew it would not be adopted by the senate and the president would veto it. that has not been a constructive experience for the house or a constructive experience for america. i would hope the speaker today would call the house back into session to address these serious challenges confronting our country and giving confidence to our people, that their government is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very f
you thought we were going to go over the fiscal cliff. now, we are in the midst of a lot of last ditch pa bargaining between the senate leaders reid and mcconnell. what do you think of the chances for a small deal in the next less than 48 hours to avoid the cliff? >> exceedingly good. i think people don't want to go over the cliff if we can avoid it. i think what have we accomplished? political victory for the president. he stood his ground and he will get tax rate increases. maybe not at 250 but on upper income americans and the sad news for the country s that we accomplished very little in terms of not becoming greece or getting out of debt. this deal won't affect the debt situation. it will be a political victory for the president and i hope we will have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in asp republicans. but hats off to the president, he won. >> chris: you don't think some of the more conservative colleagues will filibuster or set up a procedural road block? they will vote to avoid going over the cliff? >> no,
on that fiscal cliff," "i hope you are getting the situation that we are not going over the fiscal cliff." sadly, i have to tell them that we are not there, we are not here, we are not working. every democrat, every republican ought to be here. the speaker ought to call us back into session. it is not as if we do not have a lot of work to do. in fact, we have a lot of work to do. secretary geithner sent a letter to me and others yesterday, and it was reported in the paper today that america will reach its debt limit on december 31. that needs to be dealt with so that we can maintain the creditworthiness of this nation, so we can give confidence to this economy. in addition to that, there is much other business to do. over the past weeks, majority leader cantor said the house would do the work necessary to finish the items we needed to get done by the end of the year. i talked to mr. cantor today and urged him to have us come back. they are having a discussion about that, i think, at 2:30, shortly, the republican conference on a call. i hope they conclude as we have concluded -- and i speak for l
of obamacare taxes begin in january. that's not even part of the fiscal cliff. that's in addition to the fiscal cliff. >>> good morning. we're live at the new york stock exchange. of course the moment we've been waiting for, the senate reconvening as we speak. 11:00 a.m. eastern time. we are waiting to see whether any progress has been made between republican senator mitch mcconnell and vice president joe biden. john harwood has told us they have not only had constructive talks, but talked past midnight, at 6:30 a.m. this morning. markets reacting quite like this, the dow down about 12 points, s&p positive by about three, and the nasdaq up about 15. meantime in hong kong, they are already celebrating the new year. this is a live picture of what's happening on the other side of the planet and that scene will be a lot more familiar to those on the east coast in just a few hours time. meantime just a few hours to go, still no deal on the fiscal cliff. how are the markets going to be impacted heading into the new year? head of research joining us from new york, andrew, happy new year to you. all ki
Search Results 0 to 34 of about 35 (some duplicates have been removed)